Q3 2022 Specialty Claims Journal and Trend Report

Offering focused expertise and commentary on today’s market trends and tomorrow’s driving forces.

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Continued strength through clarity.

As we begin to approach the end of 2022, it’s crucial for our clients to stay tuned in to new trends.

Most markets continued to follow the trend of stabilization in Q3, but some markets are still facing the effects of economic challenges. Inflation, supply chain challenges, ongoing COVID-19-related issues, international politics and increased cyber risk – all continue to be notable factors driving trends in Q3.

In this edition of the Specialty Claims Journal and Trend Report, our experts dive into the trends driving changes across the insurance market and add clarity to complex issues to better serve our clients. Our specialists offer insights into what happened throughout the quarter and what this could mean for the future, both in 2022 and beyond.

This quarter, our specialty spotlight falls on our Claims Journal and two recent developments that could have meaningful implications for future D&O and Cyber events. First, Delaware recently amended its laws to allow for exculpation of corporate officers for breach of fiduciary duty claims. This development can potentially lower litigation costs and reputational harm. Second, a recent class action lawsuit raises the issue of corporate responsibilities to maintain an up-to-date technology security strategy and learn from past cyber vulnerabilities. These legal developments are among the many analyzed in this quarter’s Claim Journal.

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